SOL 44 LTD

🚨Distressedactive
SC583049 · ltd · incorporated 2017-12-04
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2020
Net worth
£-126.7k
book net assets
Opportunity
66/100
Strong
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What this business does
Primary activity: Unlicenced restaurants and cafes
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 66/100 (strong), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
50
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £126,677

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£127k
↓ 59% YoY
Current Assets
£29k
↑ 76% YoY
Current Liabilities
-£127k-£95k-£64k-£33k-£2k£29kDec 2019Dec 2020

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2020-12-312019-12-31
Total assets£-59.1k£-66.7k
Current assets£29.2k£16.6k
Net assets£-126.7k£-79.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2025-05-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2023-11-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2022-03-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2021-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-01-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2019-12-03
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2019-11-15
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  8. 2019-10-29
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2019-02-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2017-12-04
    🏢
    Company incorporated
    As SOL 44 LTD
  11. 2017-12-04
    CARBAJOSA, Jose appointed
    director
  12. 2017-12-04
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

95/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 72 — succession pressure is live.
  • +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2022-12-31

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Jose Carbajosa
Individual · Spanish · DOB 08/1954 · age 72
75100%
75–100%board control75-100% shares · 75-100% voting · board control04/12/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2017-12-04
Jurisdictionscotland
Primary SIC56102 — Unlicenced restaurants and cafes

Registered office

82 Berkeley Street
Glasgow
G3 7DS
Scotland

Filing status

Accounts
Next due: 2022-12-31OVERDUE
Last made up to: 2020-12-31
Confirmation statement
Next due: 2026-11-21
Last: 2025-11-07

Officers (1 active · 0 resigned)

CARBAJOSA, Jose
director · ~72y · appointed 2017-12-04
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (18 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-29
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-17
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-08
gazette-filings-brought-up-to-date
gazette · DISS40
2019-12-03
confirmation-statement-with-updates
confirmation-statement · CS01
2019-12-02
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2019-11-15
gazette-notice-compulsory
gazette · GAZ1
2019-10-29